All Forum Posts by: Luke Lesh

@Karen Margrave agreed, I’d just like to feel more comfortable about the wholesale concept assuming I had a brokers license and a developers license, not sure exactly where to get 100% clarity on the law/statute/regulation, etc.

@Karen Margrave thanks for the info Karen!

There is a post from 2014 titled "Wholesaling-Legal in Oregon?", quite a few posts with multiple views...

Hmmm, I wasn't aware wholesaling in Oregon was "illegal".  I'd like to insure I go about business ethically and legally, so obtaining the appropriate license is appropriate.

That being said, I'd like to know where there is a law or regulation from the state or real estate agency the clearly states "wholesaling" is illegal.

Thank you both for the information, much appreciated.

Benjamin, thanks for the response.

Jay, that is great information to know regarding the need for a brokers and developers license.  I had my GC license when I was flipping houses a few years ago and used a broker to sell them, but great to know.

Are you aware of a law on Oregon's "books" that states the act of "wholesaling" is illegal?

All-I've flipped properties a few years ago in Oregon and I'd like to take a turn at wholesaling.  My wife is a new broker and though we've been researching the details, our core questions are-Is it legal in Oregon if you aren't a broker and do we need to keep the two entities separate?  What is the best way to develop the best contracts?  Why should or shouldn't I move forward?  Any feedback would be appreciated.  Thank you!-Luke